https://timandjulieharris.com - NicoleOcean, the founder of the BPOAutomationGroup, joins us to discuss the state of BPO's in 2014 - the best companies to apply for, which providers are doing the highest order volume in today's market, and how her software can help agents to streamline their BPO completion processes to save time and make money doing Broker Price Opinions.
Excitement. Motivation. Confidence! That's how you'll feel with the step-by-step real estate business plan you'll create during this intense, free 1:1 coaching call. Availability is limited - schedule now & get 6 free lead-generation books! Schedule now at https://freecoachingcallsforagents.com
Learn more about our programs at https://timandjulieharris.com. Financing is provided by UGAFinance. No interest if paid in full for 6 months. Interest will be charged to your account from the purchase date if the purchase balance is not paid in full within 6 months. Terms & Conditions may apply, see https://timandjulieharris.com/terms.htmlReal Estate Coaching Radio stars award-winning real estate coaches and #1 InternationalBest Selling Authors Tim & Julie Harris. We're the nations #1 daily radio show For agents who demand authentic, real-time coaching. Get ready for fluff-free, unfiltered, full-strength honesty about what is Truly working to get you into action helping others and making money now in today's Real Estate Market.
- Schedule a free real estate coaching call at https://freecoachingcallsforagents.com
- Learn more about our real estate coaching programs at https://timandjulieharris.com
- Real estate agent interested in being on our show? Contact us: https://timandjulieharris.com/contact...Copyright 2018, All Rights Reserved Tim & Julie Harris® Real Estate Coaching

published:14 Feb 2018

views:447

Session #3 - Property Valuations and Broker Price Opinions (BPO's). In this session we will take you through a step by step process on how to do BPO's and property valuations for banks and short sale properties. We will also explore the editable BPO and lender specific forms that will help you complete the process. In addition, we will provide you with ways to find lenders that will pay you to do BPO's and an invaluable list of asset management companies looking for agents to do them.
To review supporting educational content for this course, please goto http://members.theshortsaleguide.com/training1/bpo-package/.
There are thousands of so called "short sale specialists" are competing for a very limited number of listings right now. You CAN stand apart from the crowd. You Need a short sale website and marketing program to help you generate more short sale leads and listings. Visit http://www.ShortSaleHosting.com and join our program today for just $1.
***Please note that this short sale training course was originally developed in January 2010 and the practices and content described may not be current or accurate. We assume no responsibility for this content. We encourage you to seek legal advise in representation in all legal matters and encourage home owners in financial hardship to do the same.

published:18 Jul 2013

views:4402

http://www.REIClub.com
Broker Price Opinion (BPO) Can Either Make or Break Your Deal. Here Is A Video On How To Influence Broker Price Opinions (BPOs) In Your Favor...
SUBSCRIBE TO OUR YOUTUBE CHANNEL
http://www.youtube.com/subscription_center?add_user=reiclub
SUBSCRIBE TO OUR FREE NEWSLETTER
https://www.reiclub.com/real-estate-newsletter.phpLET’S CONNECT
http://www.facebook.com/reiclub
http://twitter.com/reiclub
https://plus.google.com/+reiclub
http://www.pinterest.com/realestateclub/
For REIClub's ShortSale Expert Interviews:
http://www.ShortSaleInterviews.com
Hi, this is FrankChen with REIClub.com, the only site you need as a real estate investor. TodayI've got quick video on how to influence the outcome of your Broker Price Opinion, also known as BPO.
What is a BPO?
- BPO stands for Broker Price Opinion.
- Real estate agent or broker assesses the property and gives their professional opinion of it's value to the lender. The closer that number is to your offer the better. You want the BPO to be as low as possible. Listed below is a snap shot of a BPO requirement.
1.) Run comps and take pictures of the surrounding neighborhood, subdivision, or area.
2.) Inspect the overall condition of the home and estimate the cost of repair. Take pictures.
3.) Formulate their "opinion" of the estimated property value based on the information that was gathered.
4.) Submit a detailed report of their research to the lender.
Step 1: Be Present during the Broker's Price OpinionTrick: Only you have access to the key and they will have to meet you there.
Note: There are two types of BPO's: Request for a Full BPO
- Full Broker Price Opinions - The agent does a full inspection of the home.
- Drive-By Broker Price Opinions - The agent only takes pictures of the outside and other homes in area.
Step 2: Compile comps, estimated costs of repair, etc...(anything to justify discount)
- Comps - highlight ones similar to one being shown - remember: create ease
- Make two lists for repair costs - 1) cosmetic - obvious repairs such as wall damage, carpet, paint, etc. 2) Harder to see - i.e.: roof and water damage, faulty plumbing or electrical fixtures, pests, mold, etc. This list will contain more serious problems.
Step 3: If occupied, not present during BPO
- All communication between you and agent only
Step 4: Shadow the Agent - LookProfessional
- Remember to point out all major repairs
- Take tons of pictures - agent may miss some
- Share the information you gathered - comps, repair estimates, etc... - remember: don't be pushy, you are working WITH the agent to gain approval from the lender
Towards the end of the BPO:
Step 5: Dig for more info...
- Ask the agent if they have a ballpark estimate They will most likely tell you that the numbers will be determined once they complete their report.
- At this time, ask when they will be finished and if you can give them a call at a specific time to get their final numbers. Note: The agent works for the lender and more than likely they will inform you that their report is proprietary to the lender. You have to feel that person out and see if they may be willing to share that information with you. It doesn't hurt to ask more than once if necessary.
It is important to let the agent know that you are very familiar with the neighborhood and tell them what you think the property is worth. The agent doing the BPO knows only what they have researched and what they discover once they actually see the property. You will be surprised as to how much your opinion matters. If the agent views you as someone who is educated about the property and the activity in the neighborhood, your opinion will be valued and taken into consideration when they make their report to the lender.
Again, this is Frank Chen with REIClub.com. Please take the time to leave your comments for this video below and please subscribe to our YouTube channel so you'll be automatically notified when we upload more quick video tips for you. Take care and good investing.
http://www.youtube.com/watch?v=vJULybLRW14
"REIClubRealEstateInvesting"

published:11 May 2011

views:3585

Broker Price Opinion - ChrisDefault of ForeclosureTrackers.com discusses what a broker price opinion is (BPO), why it's important and what makes one BPO better than another.

http://www.BPOREOAcademy.com
Connect with me at http://www.facebook.com/robb.krzyston
Broker Price Opinion also known as BPO is completed by a licensed real estate agent or broker to determine the value of real estate. Broker Price Opinion or BPO's are ordered by banks, lenders, and investors so they know the value of the real estate they have mortgages on. If a real estate agent or broker is interested in BPO training or BPO courses the BPO REOAcademy has the most comprehensive training and courses available.

This is a free app which enables mobile BPOs and is free Altisource’s Real Estate Brokers who are already registered in the REALTrans platform. REALTrans is an automated order and vendor management solution which currently serves thousands of vendors nationwide and streamlines all the phases of the ordering cycle for real estate related services. The app will be part of the Marketplace suite of technology services and will enable field vendors to perform inspections, appraisals, and property preservations through an automated workflow.
Click here to download the app (iOS only): https://itunes.apple.com/app/apple-store/id988802182?mt=8

Broker

A broker is an individual or party (brokerage firm) that arranges transactions between a buyer and a seller for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Distinguish agent—one who acts on behalf of a principal.

Definition

A broker is an independent agent used extensively in some industries. A broker's prime responsibility is to bring sellers and buyers together and thus a broker is the third-person facilitator between a buyer and a seller. An example would be a real estate broker who facilitates the sale of a property.

Brokers also can furnish market information regarding prices, products, and market conditions. Brokers may represent either the seller (90% of the time) or the buyer (10%) but not both at the same time. An example would be a stockbroker, who makes the sale or purchase of securities on behalf of his client. Brokers play a huge role in the sale of stocks, bonds, and other financial services.

A service is a self-contained unit of functionality, such as retrieving an online bank statement. By that definition, a service is an operation that may be discretely invoked. However, in the Web Services Description Language (WSDL), a service is an interface definition that may list several discrete services/operations. And elsewhere, the term service is used for a component that is encapsulated behind an interface. This widespread ambiguity is reflected in what follows.

Services can be combined to provide the functionality of a large software application. SOA makes it easier for software components on computers connected over a network to cooperate. Every computer can run any number of services, and each service is built in a way that ensures that the service can exchange information with any other service in the network without human interaction and without the need to make changes to the underlying program itself.

Science

Opinion

In general, an opinion is a judgment, viewpoint, or statement about matters commonly considered to be subjective.

What distinguishes fact from opinion is that facts are verifiable, i.e. can be objectively proven to have occurred. An example is: "United States of America was involved in the Vietnam War" versus "United States of America was right to get involved in the Vietnam War". An opinion may be supported by facts, in which case it becomes an argument, although people may draw opposing opinions from the same set of facts. Opinions rarely change without new arguments being presented. It can be reasoned that one opinion is better supported by the facts than another by analyzing the supporting arguments. In casual use, the term opinion may be the result of a person's perspective, understanding, particular feelings, beliefs, and desires. It may refer to unsubstantiated information, in contrast to knowledge and fact.

Collective or professional opinions are defined as meeting a higher standard to substantiate the opinion. (see below)

See also

Legal opinion

In law, a legal opinion is usually a written explanation by a judge or group of judges that accompanies an order or ruling in a case, laying out the rationale and legal principles for the ruling.

Opinions are usually published at the direction of the court, and to the extent they contain pronouncements about what the law is and how it should be interpreted, they reinforce, change, establish, or overturn legal precedent. If a court decides that an opinion should be published, the opinion is included in a volume from a series of books called law reports (or reporters in the United States). Published opinions of courts are also collectively referred to as case law, which is one of the major sources of law in common lawlegal systems.

Memorandum opinion

Not every case decided by a higher court results in the publication of an opinion; in fact many cases do not, since an opinion is often published only when the law is being interpreted in a novel way, or the case is a high-profile matter of general public interest and the court wishes to make the details of its ruling public.
In the majority of American cases, the judges issue what is called a memorandum decision that indicates how state or federal law applies to the case and affirms or reverses the decision of the lower court. A memorandum decision does not establish legal precedent or re-interpret the law, and cannot be invoked in subsequent cases to justify a ruling. Opinions, on the other hand, always establish a particular legal interpretation.

Nicole Ocean on Broker Price Opinions & BPO Automation

https://timandjulieharris.com - NicoleOcean, the founder of the BPOAutomationGroup, joins us to discuss the state of BPO's in 2014 - the best companies to apply for, which providers are doing the highest order volume in today's market, and how her software can help agents to streamline their BPO completion processes to save time and make money doing Broker Price Opinions.
Excitement. Motivation. Confidence! That's how you'll feel with the step-by-step real estate business plan you'll create during this intense, free 1:1 coaching call. Availability is limited - schedule now & get 6 free lead-generation books! Schedule now at https://freecoachingcallsforagents.com
Learn more about our programs at https://timandjulieharris.com. Financing is provided by UGAFinance. No interest if paid in full for 6 months. Interest will be charged to your account from the purchase date if the purchase balance is not paid in full within 6 months. Terms & Conditions may apply, see https://timandjulieharris.com/terms.htmlReal Estate Coaching Radio stars award-winning real estate coaches and #1 InternationalBest Selling Authors Tim & Julie Harris. We're the nations #1 daily radio show For agents who demand authentic, real-time coaching. Get ready for fluff-free, unfiltered, full-strength honesty about what is Truly working to get you into action helping others and making money now in today's Real Estate Market.
- Schedule a free real estate coaching call at https://freecoachingcallsforagents.com
- Learn more about our real estate coaching programs at https://timandjulieharris.com
- Real estate agent interested in being on our show? Contact us: https://timandjulieharris.com/contact...Copyright 2018, All Rights Reserved Tim & Julie Harris® Real Estate Coaching

20:42

Short Sale Training Session 3 - Broker Price Opinions (BPO's)

Short Sale Training Session 3 - Broker Price Opinions (BPO's)

Short Sale Training Session 3 - Broker Price Opinions (BPO's)

Session #3 - Property Valuations and Broker Price Opinions (BPO's). In this session we will take you through a step by step process on how to do BPO's and property valuations for banks and short sale properties. We will also explore the editable BPO and lender specific forms that will help you complete the process. In addition, we will provide you with ways to find lenders that will pay you to do BPO's and an invaluable list of asset management companies looking for agents to do them.
To review supporting educational content for this course, please goto http://members.theshortsaleguide.com/training1/bpo-package/.
There are thousands of so called "short sale specialists" are competing for a very limited number of listings right now. You CAN stand apart from the crowd. You Need a short sale website and marketing program to help you generate more short sale leads and listings. Visit http://www.ShortSaleHosting.com and join our program today for just $1.
***Please note that this short sale training course was originally developed in January 2010 and the practices and content described may not be current or accurate. We assume no responsibility for this content. We encourage you to seek legal advise in representation in all legal matters and encourage home owners in financial hardship to do the same.

http://www.REIClub.com
Broker Price Opinion (BPO) Can Either Make or Break Your Deal. Here Is A Video On How To Influence Broker Price Opinions (BPOs) In Your Favor...
SUBSCRIBE TO OUR YOUTUBE CHANNEL
http://www.youtube.com/subscription_center?add_user=reiclub
SUBSCRIBE TO OUR FREE NEWSLETTER
https://www.reiclub.com/real-estate-newsletter.phpLET’S CONNECT
http://www.facebook.com/reiclub
http://twitter.com/reiclub
https://plus.google.com/+reiclub
http://www.pinterest.com/realestateclub/
For REIClub's ShortSale Expert Interviews:
http://www.ShortSaleInterviews.com
Hi, this is FrankChen with REIClub.com, the only site you need as a real estate investor. TodayI've got quick video on how to influence the outcome of your Broker Price Opinion, also known as BPO.
What is a BPO?
- BPO stands for Broker Price Opinion.
- Real estate agent or broker assesses the property and gives their professional opinion of it's value to the lender. The closer that number is to your offer the better. You want the BPO to be as low as possible. Listed below is a snap shot of a BPO requirement.
1.) Run comps and take pictures of the surrounding neighborhood, subdivision, or area.
2.) Inspect the overall condition of the home and estimate the cost of repair. Take pictures.
3.) Formulate their "opinion" of the estimated property value based on the information that was gathered.
4.) Submit a detailed report of their research to the lender.
Step 1: Be Present during the Broker's Price OpinionTrick: Only you have access to the key and they will have to meet you there.
Note: There are two types of BPO's: Request for a Full BPO
- Full Broker Price Opinions - The agent does a full inspection of the home.
- Drive-By Broker Price Opinions - The agent only takes pictures of the outside and other homes in area.
Step 2: Compile comps, estimated costs of repair, etc...(anything to justify discount)
- Comps - highlight ones similar to one being shown - remember: create ease
- Make two lists for repair costs - 1) cosmetic - obvious repairs such as wall damage, carpet, paint, etc. 2) Harder to see - i.e.: roof and water damage, faulty plumbing or electrical fixtures, pests, mold, etc. This list will contain more serious problems.
Step 3: If occupied, not present during BPO
- All communication between you and agent only
Step 4: Shadow the Agent - LookProfessional
- Remember to point out all major repairs
- Take tons of pictures - agent may miss some
- Share the information you gathered - comps, repair estimates, etc... - remember: don't be pushy, you are working WITH the agent to gain approval from the lender
Towards the end of the BPO:
Step 5: Dig for more info...
- Ask the agent if they have a ballpark estimate They will most likely tell you that the numbers will be determined once they complete their report.
- At this time, ask when they will be finished and if you can give them a call at a specific time to get their final numbers. Note: The agent works for the lender and more than likely they will inform you that their report is proprietary to the lender. You have to feel that person out and see if they may be willing to share that information with you. It doesn't hurt to ask more than once if necessary.
It is important to let the agent know that you are very familiar with the neighborhood and tell them what you think the property is worth. The agent doing the BPO knows only what they have researched and what they discover once they actually see the property. You will be surprised as to how much your opinion matters. If the agent views you as someone who is educated about the property and the activity in the neighborhood, your opinion will be valued and taken into consideration when they make their report to the lender.
Again, this is Frank Chen with REIClub.com. Please take the time to leave your comments for this video below and please subscribe to our YouTube channel so you'll be automatically notified when we upload more quick video tips for you. Take care and good investing.
http://www.youtube.com/watch?v=vJULybLRW14
"REIClubRealEstateInvesting"

6:03

Broker Price Opinion (BPO) - Why One is Better Than Another

Broker Price Opinion (BPO) - Why One is Better Than Another

Broker Price Opinion (BPO) - Why One is Better Than Another

Broker Price Opinion - ChrisDefault of ForeclosureTrackers.com discusses what a broker price opinion is (BPO), why it's important and what makes one BPO better than another.

4:24

Broker Price Opinions full video

Broker Price Opinions full video

Broker Price Opinions full video

26:01

iForm Extreme Automation (BPO, Broker Price Opinion)

iForm Extreme Automation (BPO, Broker Price Opinion)

iForm Extreme Automation (BPO, Broker Price Opinion)

Broker Price Opinion Orders

http://www.BPOREOAcademy.com
Connect with me at http://www.facebook.com/robb.krzyston
Broker Price Opinion also known as BPO is completed by a licensed real estate agent or broker to determine the value of real estate. Broker Price Opinion or BPO's are ordered by banks, lenders, and investors so they know the value of the real estate they have mortgages on. If a real estate agent or broker is interested in BPO training or BPO courses the BPO REOAcademy has the most comprehensive training and courses available.

REALTrans Inspector App for Broker Price Opinions

This is a free app which enables mobile BPOs and is free Altisource’s Real Estate Brokers who are already registered in the REALTrans platform. REALTrans is an automated order and vendor management solution which currently serves thousands of vendors nationwide and streamlines all the phases of the ordering cycle for real estate related services. The app will be part of the Marketplace suite of technology services and will enable field vendors to perform inspections, appraisals, and property preservations through an automated workflow.
Click here to download the app (iOS only): https://itunes.apple.com/app/apple-store/id988802182?mt=8

Nicole Ocean on Broker Price Opinions & BPO Automation

https://timandjulieharris.com - NicoleOcean, the founder of the BPOAutomationGroup, joins us to discuss the state of BPO's in 2014 - the best companies to apply for, which providers are doing the highest order volume in today's market, and how her software can help agents to streamline their BPO completion processes to save time and make money doing Broker Price Opinions.
Excitement. Motivation. Confidence! That's how you'll feel with the step-by-step real estate business plan you'll create during this intense, free 1:1 coaching call. Availability is limited - schedule now & get 6 free lead-generation books! Schedule now at https://freecoachingcallsforagents.com
Learn more about our programs at https://timandjulieharris.com. Financing is provided by UGAFinance. No interest if pai...

published: 14 Feb 2018

Short Sale Training Session 3 - Broker Price Opinions (BPO's)

Session #3 - Property Valuations and Broker Price Opinions (BPO's). In this session we will take you through a step by step process on how to do BPO's and property valuations for banks and short sale properties. We will also explore the editable BPO and lender specific forms that will help you complete the process. In addition, we will provide you with ways to find lenders that will pay you to do BPO's and an invaluable list of asset management companies looking for agents to do them.
To review supporting educational content for this course, please goto http://members.theshortsaleguide.com/training1/bpo-package/.
There are thousands of so called "short sale specialists" are competing for a very limited number of listings right now. You CAN stand apart from the crowd. You Need a short s...

http://www.REIClub.com
Broker Price Opinion (BPO) Can Either Make or Break Your Deal. Here Is A Video On How To Influence Broker Price Opinions (BPOs) In Your Favor...
SUBSCRIBE TO OUR YOUTUBE CHANNEL
http://www.youtube.com/subscription_center?add_user=reiclub
SUBSCRIBE TO OUR FREE NEWSLETTER
https://www.reiclub.com/real-estate-newsletter.phpLET’S CONNECT
http://www.facebook.com/reiclub
http://twitter.com/reiclub
https://plus.google.com/+reiclub
http://www.pinterest.com/realestateclub/
For REIClub's ShortSale Expert Interviews:
http://www.ShortSaleInterviews.com
Hi, this is FrankChen with REIClub.com, the only site you need as a real estate investor. TodayI've got quick video on how to influence the outcome of your Broker Price Opinion, also known as BPO.
What is a BPO?
- BPO ...

published: 11 May 2011

Broker Price Opinion (BPO) - Why One is Better Than Another

Broker Price Opinion - ChrisDefault of ForeclosureTrackers.com discusses what a broker price opinion is (BPO), why it's important and what makes one BPO better than another.

published: 07 Nov 2008

Broker Price Opinions full video

published: 29 Jul 2009

iForm Extreme Automation (BPO, Broker Price Opinion)

Broker Price Opinion Orders

http://www.BPOREOAcademy.com
Connect with me at http://www.facebook.com/robb.krzyston
Broker Price Opinion also known as BPO is completed by a licensed real estate agent or broker to determine the value of real estate. Broker Price Opinion or BPO's are ordered by banks, lenders, and investors so they know the value of the real estate they have mortgages on. If a real estate agent or broker is interested in BPO training or BPO courses the BPO REOAcademy has the most comprehensive training and courses available.

REALTrans Inspector App for Broker Price Opinions

This is a free app which enables mobile BPOs and is free Altisource’s Real Estate Brokers who are already registered in the REALTrans platform. REALTrans is an automated order and vendor management solution which currently serves thousands of vendors nationwide and streamlines all the phases of the ordering cycle for real estate related services. The app will be part of the Marketplace suite of technology services and will enable field vendors to perform inspections, appraisals, and property preservations through an automated workflow.
Click here to download the app (iOS only): https://itunes.apple.com/app/apple-store/id988802182?mt=8

Nicole Ocean on Broker Price Opinions & BPO Automation

https://timandjulieharris.com - NicoleOcean, the founder of the BPOAutomationGroup, joins us to discuss the state of BPO's in 2014 - the best companies to ap...

https://timandjulieharris.com - NicoleOcean, the founder of the BPOAutomationGroup, joins us to discuss the state of BPO's in 2014 - the best companies to apply for, which providers are doing the highest order volume in today's market, and how her software can help agents to streamline their BPO completion processes to save time and make money doing Broker Price Opinions.
Excitement. Motivation. Confidence! That's how you'll feel with the step-by-step real estate business plan you'll create during this intense, free 1:1 coaching call. Availability is limited - schedule now & get 6 free lead-generation books! Schedule now at https://freecoachingcallsforagents.com
Learn more about our programs at https://timandjulieharris.com. Financing is provided by UGAFinance. No interest if paid in full for 6 months. Interest will be charged to your account from the purchase date if the purchase balance is not paid in full within 6 months. Terms & Conditions may apply, see https://timandjulieharris.com/terms.htmlReal Estate Coaching Radio stars award-winning real estate coaches and #1 InternationalBest Selling Authors Tim & Julie Harris. We're the nations #1 daily radio show For agents who demand authentic, real-time coaching. Get ready for fluff-free, unfiltered, full-strength honesty about what is Truly working to get you into action helping others and making money now in today's Real Estate Market.
- Schedule a free real estate coaching call at https://freecoachingcallsforagents.com
- Learn more about our real estate coaching programs at https://timandjulieharris.com
- Real estate agent interested in being on our show? Contact us: https://timandjulieharris.com/contact...Copyright 2018, All Rights Reserved Tim & Julie Harris® Real Estate Coaching

https://timandjulieharris.com - NicoleOcean, the founder of the BPOAutomationGroup, joins us to discuss the state of BPO's in 2014 - the best companies to apply for, which providers are doing the highest order volume in today's market, and how her software can help agents to streamline their BPO completion processes to save time and make money doing Broker Price Opinions.
Excitement. Motivation. Confidence! That's how you'll feel with the step-by-step real estate business plan you'll create during this intense, free 1:1 coaching call. Availability is limited - schedule now & get 6 free lead-generation books! Schedule now at https://freecoachingcallsforagents.com
Learn more about our programs at https://timandjulieharris.com. Financing is provided by UGAFinance. No interest if paid in full for 6 months. Interest will be charged to your account from the purchase date if the purchase balance is not paid in full within 6 months. Terms & Conditions may apply, see https://timandjulieharris.com/terms.htmlReal Estate Coaching Radio stars award-winning real estate coaches and #1 InternationalBest Selling Authors Tim & Julie Harris. We're the nations #1 daily radio show For agents who demand authentic, real-time coaching. Get ready for fluff-free, unfiltered, full-strength honesty about what is Truly working to get you into action helping others and making money now in today's Real Estate Market.
- Schedule a free real estate coaching call at https://freecoachingcallsforagents.com
- Learn more about our real estate coaching programs at https://timandjulieharris.com
- Real estate agent interested in being on our show? Contact us: https://timandjulieharris.com/contact...Copyright 2018, All Rights Reserved Tim & Julie Harris® Real Estate Coaching

Short Sale Training Session 3 - Broker Price Opinions (BPO's)

Session #3 - Property Valuations and Broker Price Opinions (BPO's). In this session we will take you through a step by step process on how to do BPO's and prope...

Session #3 - Property Valuations and Broker Price Opinions (BPO's). In this session we will take you through a step by step process on how to do BPO's and property valuations for banks and short sale properties. We will also explore the editable BPO and lender specific forms that will help you complete the process. In addition, we will provide you with ways to find lenders that will pay you to do BPO's and an invaluable list of asset management companies looking for agents to do them.
To review supporting educational content for this course, please goto http://members.theshortsaleguide.com/training1/bpo-package/.
There are thousands of so called "short sale specialists" are competing for a very limited number of listings right now. You CAN stand apart from the crowd. You Need a short sale website and marketing program to help you generate more short sale leads and listings. Visit http://www.ShortSaleHosting.com and join our program today for just $1.
***Please note that this short sale training course was originally developed in January 2010 and the practices and content described may not be current or accurate. We assume no responsibility for this content. We encourage you to seek legal advise in representation in all legal matters and encourage home owners in financial hardship to do the same.

Session #3 - Property Valuations and Broker Price Opinions (BPO's). In this session we will take you through a step by step process on how to do BPO's and property valuations for banks and short sale properties. We will also explore the editable BPO and lender specific forms that will help you complete the process. In addition, we will provide you with ways to find lenders that will pay you to do BPO's and an invaluable list of asset management companies looking for agents to do them.
To review supporting educational content for this course, please goto http://members.theshortsaleguide.com/training1/bpo-package/.
There are thousands of so called "short sale specialists" are competing for a very limited number of listings right now. You CAN stand apart from the crowd. You Need a short sale website and marketing program to help you generate more short sale leads and listings. Visit http://www.ShortSaleHosting.com and join our program today for just $1.
***Please note that this short sale training course was originally developed in January 2010 and the practices and content described may not be current or accurate. We assume no responsibility for this content. We encourage you to seek legal advise in representation in all legal matters and encourage home owners in financial hardship to do the same.

http://www.REIClub.com
Broker Price Opinion (BPO) Can Either Make or Break Your Deal. Here Is A Video On How To Influence Broker Price Opinions (BPOs) In Your Favor...
SUBSCRIBE TO OUR YOUTUBE CHANNEL
http://www.youtube.com/subscription_center?add_user=reiclub
SUBSCRIBE TO OUR FREE NEWSLETTER
https://www.reiclub.com/real-estate-newsletter.phpLET’S CONNECT
http://www.facebook.com/reiclub
http://twitter.com/reiclub
https://plus.google.com/+reiclub
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Hi, this is FrankChen with REIClub.com, the only site you need as a real estate investor. TodayI've got quick video on how to influence the outcome of your Broker Price Opinion, also known as BPO.
What is a BPO?
- BPO stands for Broker Price Opinion.
- Real estate agent or broker assesses the property and gives their professional opinion of it's value to the lender. The closer that number is to your offer the better. You want the BPO to be as low as possible. Listed below is a snap shot of a BPO requirement.
1.) Run comps and take pictures of the surrounding neighborhood, subdivision, or area.
2.) Inspect the overall condition of the home and estimate the cost of repair. Take pictures.
3.) Formulate their "opinion" of the estimated property value based on the information that was gathered.
4.) Submit a detailed report of their research to the lender.
Step 1: Be Present during the Broker's Price OpinionTrick: Only you have access to the key and they will have to meet you there.
Note: There are two types of BPO's: Request for a Full BPO
- Full Broker Price Opinions - The agent does a full inspection of the home.
- Drive-By Broker Price Opinions - The agent only takes pictures of the outside and other homes in area.
Step 2: Compile comps, estimated costs of repair, etc...(anything to justify discount)
- Comps - highlight ones similar to one being shown - remember: create ease
- Make two lists for repair costs - 1) cosmetic - obvious repairs such as wall damage, carpet, paint, etc. 2) Harder to see - i.e.: roof and water damage, faulty plumbing or electrical fixtures, pests, mold, etc. This list will contain more serious problems.
Step 3: If occupied, not present during BPO
- All communication between you and agent only
Step 4: Shadow the Agent - LookProfessional
- Remember to point out all major repairs
- Take tons of pictures - agent may miss some
- Share the information you gathered - comps, repair estimates, etc... - remember: don't be pushy, you are working WITH the agent to gain approval from the lender
Towards the end of the BPO:
Step 5: Dig for more info...
- Ask the agent if they have a ballpark estimate They will most likely tell you that the numbers will be determined once they complete their report.
- At this time, ask when they will be finished and if you can give them a call at a specific time to get their final numbers. Note: The agent works for the lender and more than likely they will inform you that their report is proprietary to the lender. You have to feel that person out and see if they may be willing to share that information with you. It doesn't hurt to ask more than once if necessary.
It is important to let the agent know that you are very familiar with the neighborhood and tell them what you think the property is worth. The agent doing the BPO knows only what they have researched and what they discover once they actually see the property. You will be surprised as to how much your opinion matters. If the agent views you as someone who is educated about the property and the activity in the neighborhood, your opinion will be valued and taken into consideration when they make their report to the lender.
Again, this is Frank Chen with REIClub.com. Please take the time to leave your comments for this video below and please subscribe to our YouTube channel so you'll be automatically notified when we upload more quick video tips for you. Take care and good investing.
http://www.youtube.com/watch?v=vJULybLRW14
"REIClubRealEstateInvesting"

http://www.REIClub.com
Broker Price Opinion (BPO) Can Either Make or Break Your Deal. Here Is A Video On How To Influence Broker Price Opinions (BPOs) In Your Favor...
SUBSCRIBE TO OUR YOUTUBE CHANNEL
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SUBSCRIBE TO OUR FREE NEWSLETTER
https://www.reiclub.com/real-estate-newsletter.phpLET’S CONNECT
http://www.facebook.com/reiclub
http://twitter.com/reiclub
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http://www.pinterest.com/realestateclub/
For REIClub's ShortSale Expert Interviews:
http://www.ShortSaleInterviews.com
Hi, this is FrankChen with REIClub.com, the only site you need as a real estate investor. TodayI've got quick video on how to influence the outcome of your Broker Price Opinion, also known as BPO.
What is a BPO?
- BPO stands for Broker Price Opinion.
- Real estate agent or broker assesses the property and gives their professional opinion of it's value to the lender. The closer that number is to your offer the better. You want the BPO to be as low as possible. Listed below is a snap shot of a BPO requirement.
1.) Run comps and take pictures of the surrounding neighborhood, subdivision, or area.
2.) Inspect the overall condition of the home and estimate the cost of repair. Take pictures.
3.) Formulate their "opinion" of the estimated property value based on the information that was gathered.
4.) Submit a detailed report of their research to the lender.
Step 1: Be Present during the Broker's Price OpinionTrick: Only you have access to the key and they will have to meet you there.
Note: There are two types of BPO's: Request for a Full BPO
- Full Broker Price Opinions - The agent does a full inspection of the home.
- Drive-By Broker Price Opinions - The agent only takes pictures of the outside and other homes in area.
Step 2: Compile comps, estimated costs of repair, etc...(anything to justify discount)
- Comps - highlight ones similar to one being shown - remember: create ease
- Make two lists for repair costs - 1) cosmetic - obvious repairs such as wall damage, carpet, paint, etc. 2) Harder to see - i.e.: roof and water damage, faulty plumbing or electrical fixtures, pests, mold, etc. This list will contain more serious problems.
Step 3: If occupied, not present during BPO
- All communication between you and agent only
Step 4: Shadow the Agent - LookProfessional
- Remember to point out all major repairs
- Take tons of pictures - agent may miss some
- Share the information you gathered - comps, repair estimates, etc... - remember: don't be pushy, you are working WITH the agent to gain approval from the lender
Towards the end of the BPO:
Step 5: Dig for more info...
- Ask the agent if they have a ballpark estimate They will most likely tell you that the numbers will be determined once they complete their report.
- At this time, ask when they will be finished and if you can give them a call at a specific time to get their final numbers. Note: The agent works for the lender and more than likely they will inform you that their report is proprietary to the lender. You have to feel that person out and see if they may be willing to share that information with you. It doesn't hurt to ask more than once if necessary.
It is important to let the agent know that you are very familiar with the neighborhood and tell them what you think the property is worth. The agent doing the BPO knows only what they have researched and what they discover once they actually see the property. You will be surprised as to how much your opinion matters. If the agent views you as someone who is educated about the property and the activity in the neighborhood, your opinion will be valued and taken into consideration when they make their report to the lender.
Again, this is Frank Chen with REIClub.com. Please take the time to leave your comments for this video below and please subscribe to our YouTube channel so you'll be automatically notified when we upload more quick video tips for you. Take care and good investing.
http://www.youtube.com/watch?v=vJULybLRW14
"REIClubRealEstateInvesting"

Broker Price Opinion Orders

http://www.BPOREOAcademy.com
Connect with me at http://www.facebook.com/robb.krzyston
Broker Price Opinion also known as BPO is completed by a license...

http://www.BPOREOAcademy.com
Connect with me at http://www.facebook.com/robb.krzyston
Broker Price Opinion also known as BPO is completed by a licensed real estate agent or broker to determine the value of real estate. Broker Price Opinion or BPO's are ordered by banks, lenders, and investors so they know the value of the real estate they have mortgages on. If a real estate agent or broker is interested in BPO training or BPO courses the BPO REOAcademy has the most comprehensive training and courses available.

http://www.BPOREOAcademy.com
Connect with me at http://www.facebook.com/robb.krzyston
Broker Price Opinion also known as BPO is completed by a licensed real estate agent or broker to determine the value of real estate. Broker Price Opinion or BPO's are ordered by banks, lenders, and investors so they know the value of the real estate they have mortgages on. If a real estate agent or broker is interested in BPO training or BPO courses the BPO REOAcademy has the most comprehensive training and courses available.

REALTrans Inspector App for Broker Price Opinions

This is a free app which enables mobile BPOs and is free Altisource’s Real Estate Brokers who are already registered in the REALTrans platform. REALTrans is a...

This is a free app which enables mobile BPOs and is free Altisource’s Real Estate Brokers who are already registered in the REALTrans platform. REALTrans is an automated order and vendor management solution which currently serves thousands of vendors nationwide and streamlines all the phases of the ordering cycle for real estate related services. The app will be part of the Marketplace suite of technology services and will enable field vendors to perform inspections, appraisals, and property preservations through an automated workflow.
Click here to download the app (iOS only): https://itunes.apple.com/app/apple-store/id988802182?mt=8

This is a free app which enables mobile BPOs and is free Altisource’s Real Estate Brokers who are already registered in the REALTrans platform. REALTrans is an automated order and vendor management solution which currently serves thousands of vendors nationwide and streamlines all the phases of the ordering cycle for real estate related services. The app will be part of the Marketplace suite of technology services and will enable field vendors to perform inspections, appraisals, and property preservations through an automated workflow.
Click here to download the app (iOS only): https://itunes.apple.com/app/apple-store/id988802182?mt=8

Nicole Ocean on Broker Price Opinions & BPO Automation

https://timandjulieharris.com - NicoleOcean, the founder of the BPOAutomationGroup, joins us to discuss the state of BPO's in 2014 - the best companies to apply for, which providers are doing the highest order volume in today's market, and how her software can help agents to streamline their BPO completion processes to save time and make money doing Broker Price Opinions.
Excitement. Motivation. Confidence! That's how you'll feel with the step-by-step real estate business plan you'll create during this intense, free 1:1 coaching call. Availability is limited - schedule now & get 6 free lead-generation books! Schedule now at https://freecoachingcallsforagents.com
Learn more about our programs at https://timandjulieharris.com. Financing is provided by UGAFinance. No interest if paid in full for 6 months. Interest will be charged to your account from the purchase date if the purchase balance is not paid in full within 6 months. Terms & Conditions may apply, see https://timandjulieharris.com/terms.htmlReal Estate Coaching Radio stars award-winning real estate coaches and #1 InternationalBest Selling Authors Tim & Julie Harris. We're the nations #1 daily radio show For agents who demand authentic, real-time coaching. Get ready for fluff-free, unfiltered, full-strength honesty about what is Truly working to get you into action helping others and making money now in today's Real Estate Market.
- Schedule a free real estate coaching call at https://freecoachingcallsforagents.com
- Learn more about our real estate coaching programs at https://timandjulieharris.com
- Real estate agent interested in being on our show? Contact us: https://timandjulieharris.com/contact...Copyright 2018, All Rights Reserved Tim & Julie Harris® Real Estate Coaching

Short Sale Training Session 3 - Broker Price Opinions (BPO's)

Session #3 - Property Valuations and Broker Price Opinions (BPO's). In this session we will take you through a step by step process on how to do BPO's and property valuations for banks and short sale properties. We will also explore the editable BPO and lender specific forms that will help you complete the process. In addition, we will provide you with ways to find lenders that will pay you to do BPO's and an invaluable list of asset management companies looking for agents to do them.
To review supporting educational content for this course, please goto http://members.theshortsaleguide.com/training1/bpo-package/.
There are thousands of so called "short sale specialists" are competing for a very limited number of listings right now. You CAN stand apart from the crowd. You Need a short sale website and marketing program to help you generate more short sale leads and listings. Visit http://www.ShortSaleHosting.com and join our program today for just $1.
***Please note that this short sale training course was originally developed in January 2010 and the practices and content described may not be current or accurate. We assume no responsibility for this content. We encourage you to seek legal advise in representation in all legal matters and encourage home owners in financial hardship to do the same.

http://www.REIClub.com
Broker Price Opinion (BPO) Can Either Make or Break Your Deal. Here Is A Video On How To Influence Broker Price Opinions (BPOs) In Your Favor...
SUBSCRIBE TO OUR YOUTUBE CHANNEL
http://www.youtube.com/subscription_center?add_user=reiclub
SUBSCRIBE TO OUR FREE NEWSLETTER
https://www.reiclub.com/real-estate-newsletter.phpLET’S CONNECT
http://www.facebook.com/reiclub
http://twitter.com/reiclub
https://plus.google.com/+reiclub
http://www.pinterest.com/realestateclub/
For REIClub's ShortSale Expert Interviews:
http://www.ShortSaleInterviews.com
Hi, this is FrankChen with REIClub.com, the only site you need as a real estate investor. TodayI've got quick video on how to influence the outcome of your Broker Price Opinion, also known as BPO.
What is a BPO?
- BPO stands for Broker Price Opinion.
- Real estate agent or broker assesses the property and gives their professional opinion of it's value to the lender. The closer that number is to your offer the better. You want the BPO to be as low as possible. Listed below is a snap shot of a BPO requirement.
1.) Run comps and take pictures of the surrounding neighborhood, subdivision, or area.
2.) Inspect the overall condition of the home and estimate the cost of repair. Take pictures.
3.) Formulate their "opinion" of the estimated property value based on the information that was gathered.
4.) Submit a detailed report of their research to the lender.
Step 1: Be Present during the Broker's Price OpinionTrick: Only you have access to the key and they will have to meet you there.
Note: There are two types of BPO's: Request for a Full BPO
- Full Broker Price Opinions - The agent does a full inspection of the home.
- Drive-By Broker Price Opinions - The agent only takes pictures of the outside and other homes in area.
Step 2: Compile comps, estimated costs of repair, etc...(anything to justify discount)
- Comps - highlight ones similar to one being shown - remember: create ease
- Make two lists for repair costs - 1) cosmetic - obvious repairs such as wall damage, carpet, paint, etc. 2) Harder to see - i.e.: roof and water damage, faulty plumbing or electrical fixtures, pests, mold, etc. This list will contain more serious problems.
Step 3: If occupied, not present during BPO
- All communication between you and agent only
Step 4: Shadow the Agent - LookProfessional
- Remember to point out all major repairs
- Take tons of pictures - agent may miss some
- Share the information you gathered - comps, repair estimates, etc... - remember: don't be pushy, you are working WITH the agent to gain approval from the lender
Towards the end of the BPO:
Step 5: Dig for more info...
- Ask the agent if they have a ballpark estimate They will most likely tell you that the numbers will be determined once they complete their report.
- At this time, ask when they will be finished and if you can give them a call at a specific time to get their final numbers. Note: The agent works for the lender and more than likely they will inform you that their report is proprietary to the lender. You have to feel that person out and see if they may be willing to share that information with you. It doesn't hurt to ask more than once if necessary.
It is important to let the agent know that you are very familiar with the neighborhood and tell them what you think the property is worth. The agent doing the BPO knows only what they have researched and what they discover once they actually see the property. You will be surprised as to how much your opinion matters. If the agent views you as someone who is educated about the property and the activity in the neighborhood, your opinion will be valued and taken into consideration when they make their report to the lender.
Again, this is Frank Chen with REIClub.com. Please take the time to leave your comments for this video below and please subscribe to our YouTube channel so you'll be automatically notified when we upload more quick video tips for you. Take care and good investing.
http://www.youtube.com/watch?v=vJULybLRW14
"REIClubRealEstateInvesting"

Broker Price Opinion Orders

http://www.BPOREOAcademy.com
Connect with me at http://www.facebook.com/robb.krzyston
Broker Price Opinion also known as BPO is completed by a licensed real estate agent or broker to determine the value of real estate. Broker Price Opinion or BPO's are ordered by banks, lenders, and investors so they know the value of the real estate they have mortgages on. If a real estate agent or broker is interested in BPO training or BPO courses the BPO REOAcademy has the most comprehensive training and courses available.

REALTrans Inspector App for Broker Price Opinions

This is a free app which enables mobile BPOs and is free Altisource’s Real Estate Brokers who are already registered in the REALTrans platform. REALTrans is an automated order and vendor management solution which currently serves thousands of vendors nationwide and streamlines all the phases of the ordering cycle for real estate related services. The app will be part of the Marketplace suite of technology services and will enable field vendors to perform inspections, appraisals, and property preservations through an automated workflow.
Click here to download the app (iOS only): https://itunes.apple.com/app/apple-store/id988802182?mt=8

Broker

A broker is an individual or party (brokerage firm) that arranges transactions between a buyer and a seller for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Distinguish agent—one who acts on behalf of a principal.

Definition

A broker is an independent agent used extensively in some industries. A broker's prime responsibility is to bring sellers and buyers together and thus a broker is the third-person facilitator between a buyer and a seller. An example would be a real estate broker who facilitates the sale of a property.

Brokers also can furnish market information regarding prices, products, and market conditions. Brokers may represent either the seller (90% of the time) or the buyer (10%) but not both at the same time. An example would be a stockbroker, who makes the sale or purchase of securities on behalf of his client. Brokers play a huge role in the sale of stocks, bonds, and other financial services.